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Show A BANKER'S VIEW Occasionally we hear the charge that many of our great international interna-tional hankers are favorable to the policy of cancelling the European war debts, in order to make more fertile the field for private American Ameri-can loans abroad. There is therefore there-fore reat satisfaction in knowing that there are at least some well-known well-known hankers who do not favor the program. Anions these is David R. Fortran, the Chicago banker who has a reputation which is no more than national in its scope. In a recent address before the Iowa Bankers A.-.'acia'.ion, Mr. Fortran For-tran was greeted with applause j when he attacked the cancellation Mea and declared rhat "cancellation . is next door to repudiation." ! '.Curietiliation is not a matter of I winimr the slate clean," he said, "it is a.'juestinn of who is goinu to I pay. I "If the allies do not, then it is up I to you and me and the other taxpayers tax-payers of this country, for. Uncle j Sam is most certainly not going to , repudiate his Liberty bonds." For their own pood, Forgan averred, aver-red, the debtor nations must not be j permitted to evade their debts to ; the United States, j "We may live to see the day," he said, "when France again will be j in the market for huge loans to , save herself. If she demands can-j can-j cellation of her present debts, where would her credit b ewhen she tried to negotiate future loans?" i There is some sound Americanism j ami real finanrial judgment in what i Mr. Forgan has to say. There is of 1 course no immediate danger that a program of cancellation will .be adopted, but the internationalists are constantly at work both here and in Europe, and it is eood to 1 have a financier of Mr. Morgan's standing occasionally call attention I to the fallacies of the internationalist program. |